Helping The Rich

The Senate Moves to Subsidize Homes for the Rich - Daniel Indiviglio - Business - The Atlantic: "Anyone who hoped that we would begin to see how the mortgage market might function with a tiny bit less government support should be pretty disappointed today. The Senate approved a measure that would reinstate the high-cost mortgage limits that expired on September 30th. The move seeks to ensure that relatively affluent Americans will get slightly cheaper mortgages, while keeping the training wheels on the housing finance market..."